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External Affairs
email: pacamail@ncua.gov
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Potter’s House Federal Credit Union Closes

Member funds are federally insured and checks will be issued within five business days

April 6, 2006, Alexandria, Va. – The National Credit Union Administration (NCUA) today liquidated Potter’s House Federal Credit Union of Jacksonville, Florida.

NCUA will issue checks on or before April 11, 2006, representing the share deposits of approximately 1,500 members’ of Potter’s House Federal Credit Union. Member accounts are insured up to $100,000 under coverage provided by the National Credit Union Share Insurance Fund, a federal fund backed by the full faith and credit of the U.S. government.

Chartered in 1999, Potter’s House Federal Credit Union had $233,093 in assets when it was closed April 6, 2006, because the credit union was insolvent.

Members can direct questions concerning their accounts to the NCUA Asset Management and Assistance Center at 512-231-7900, fax 512-231-7920, 4807 Spicewood Springs Road, Suite 5100, Austin, Texas 79759-8490.  

The National Credit Union Administration is the independent federal agency that charters and supervises federal credit unions. NCUA, with the backing of the full faith and credit of the U.S. government, operates the National Credit Union Share Insurance Fund (NCUSIF), insuring the savings of nearly 85 million account holders in all federal credit unions and many state-chartered credit unions. NCUA operations are funded by credit unions, not tax dollars.